OPERATIONAL RISK
Course
Online
₹ 10,000
+ VAT
Description
-
Type
Course
-
Methodology
Online
Operational risk modeling helps in measuring, monitoring and mitigating the risk of direct or indirect loss caused from inadequate or failed internal processes or from external events.
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Subjects
- Risk
- Operational Risk
Course programme
- Introduction to operational risk modeling
- Basic concepts related to probability distributions
- Modeling number of losses using Excel: Frequency distributions
- Modeling size of losses using Excel: Severity distributions
- Fitting distributions to data: Parameter estimation
- Examining goodness of fit
- Aggregate loss modeling
- Aggregating VaR estimates across Business Lines and Event types
- Precautions while using EVT/GPD to avoid overestimation of capital reqt
- How confident are you about parameter estimates?
- Using External data in OpVaR
- Combining capital estimates based on internal data, external data and scenario analysis
- Operational risk modeling software
- Introduction to R: an open-source operational risk modeling software
OPERATIONAL RISK
₹ 10,000
+ VAT